May 4, 2018 / 4:45 AM / 5 months ago

Swiss stocks - Factors to watch on May 4

ZURICH, May 4 (Reuters) - The Swiss blue-chip SMI was seen opening 0.4 percent higher at 8,831 points on Friday, according to premarket indications by bank Julius Baer .

Here are some of the main factors that may affect Swiss stocks:

SWISS RE

Swiss Re posted a better-than-expected net profit in the first quarter, although it was still down from a year ago amid continuing pressure on reinsurance prices.

It gave no update on talks with SoftBank.

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LONZA

The Swiss drug ingredients maker confirmed its guidance on Friday and said it had got off to a good start this year.

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CEVA LOGISTICS

The stock makes its market debut after IPO priced at 27.50 francs per share

COMPANY STATEMENTS

* LafargeHolcim said it entered into a liquidity enhancement agreement with Exane S.A. for its listing on Euronext Paris, effective as from May 4, in order to improve the market liquidity of its stock listed in euro.

* Daetwyler Holding said it launched a bond with an amount of 150 million Swiss francs to refund an existing bond due to be repaid on June 7.

* Leclanche SA: announces full year 2017 financial results; on track to hit milestone of 100 MWH of energy storage systems in operation by 2018 and be EBITDA positive by 2020; FY 2017 revenue CHF 18.0 million versus chf 28.5 million in 2016; FY 2017 loss per share CHF 0.70

Says Hubert Angleys, chief financial officer, has been promoted to also serve as chief operating officer

* Datacolor AG - in first half of fiscal year 2017/18 co increased net sales by 17.4% to usd 41.0 mln (previous year: usd 34.9 mln); net income decreased to usd 2.3 mln (previous year: usd 3.4 mln) compared to prior year

* Pargesa net income CHF 60.6 million in Q1 2018, compared with CHF 124.6 million in Q1 2017

ECONOMY

* Switzerland risks being plunged into an "unnecessary and dangerous experiment" if it adopts a radical sovereign money scheme in a referendum next month, Swiss National Bank Chairman Thomas Jordan said on Thursday.

A gfs.bern poll shows the initiative is likely to be defeated

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Reporting by Zurich newsroom

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